Canaccord raised the firm’s price target on JFrog (FROG) to $55 from $52 and keeps a Buy rating on the shares. The firm attended the company’s conference which was heavy on new product announcements but light on financial details. Canaccord believes the firm finds itself in a sweet spot in the developer software market, whereby binary repository management is more important than ever, and no company does this better than JFrog.
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